Establishment of Phase 2 Schools in Myeongji New City: Scheduled opening of kindergarten, elementary school, and middle school, and real estate investment outlook for Gangseo-gu, Busan.

Myeongji International City Phase 2, Establishment of Preschool, Elementary, and Middle Schools Confirmed… Targeting Opening in 2029

Myeongji Kindergarten 6, Myeongji Elementary School 6, Myeongji Middle School 4 Location Map

The Busan Metropolitan Office of Education announced on October 27 that the establishment plans for 'Myeongji Kindergarten 6', 'Myeongji Elementary School 6', and 'Myeongji Middle School 4', located in the second phase of Myeongji International City, have successfully passed the Ministry of Education's central investment review.

This approval accelerates the expansion of educational infrastructure in the second phase of Myeongji City, bringing good news to local residents and prospective tenants.

The Busan Education Office has been conducting necessary procedures promptly to ensure that no educational gaps arise coinciding with the 2029 move-in period for Myeongji International City Phase 2. Building upon this central investment review, they plan to begin the detailed design and construction preparations in earnest.

Size and Location of Preschool, Elementary, and Middle Schools, Scheduled to Open in March 2029

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Myeongji Kindergarten 6 will be designed to have a total of 18 classes, including 2 special classes, on a site of 4,977㎡. Additionally, Myeongji Elementary School 6 is planned to be built with 44 classes, including 2 special classes, on a lot of 16,738㎡. Finally, Myeongji Middle School 4 is set to be built with a total of 25 classes, including 1 special class, on 13,267㎡.

All three schools aim to open in March 2029 and will be located at the center of the main living area in the second phase of Myeongji International City. The Busan Education Office plans to focus on environmentally friendly construction and future-oriented learning environments during the design process, as well as strengthening facilities for student safety.

The concurrent construction of these three schools is intended to equip the educational infrastructure in advance to coincide with the initial move-in period of Myeongji International City Phase 2 and is evaluated as a strategic approach by the education office in anticipation of the expected population increase. These efforts are expected to greatly contribute to improving the educational environment in the local community.

Overview of Myeongji International City Phase 2 Development and Educational Demand Forecast

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The Myeongji area is being developed as an 'international business city at the center of Northeast Asia', with plans for a total of 28,602 households and an expected population of about 76,000. In the current phase 1 area, there are already 6 kindergartens, 5 elementary schools, 2 middle schools, and 2 high schools in operation. Since 2015, approximately 16,775 households have begun to move in.

On the other hand, phase 2 covers an area of 9,989 households, with the first move-in scheduled for 2029. The Busan Education Office has been proactively establishing schools in accordance with these plans, and with the recent approval of the central investment review, the educational infrastructure within Myeongji Phase 2 is expected to be completed. Through this, a better educational environment is anticipated to be provided for local residents.

Myeongji Phase 2 involves the relocation of large public institutions, development of business districts, smart city planning, and various urban infrastructure progressing concurrently. The combination of these elements is likely to lead to the development of a self-sufficient city where education, living, and transportation harmoniously coexist.

Positive Factors for Real Estate Market in Gangseo District and Expectations for Increased Local Value

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The news of school establishment approval in the second phase of Myeongji International City and the real estate market in Gangseo District is expected to have a very positive impact. Once educational facilities are confirmed, parental interest is likely to rise significantly, and the value of apartments near the school district, which includes kindergartens, elementary schools, and middle schools, is highly likely to rise steadily.

Furthermore, Myeongji Phase 2 is located along the axis of living area expansion connected to Myeongji Ocean City, Shinho District, and Eco Delta City, and it is expected to establish itself as a new center of western Busan with improvements in transportation networks in the future.

The confirmation of the establishment of kindergartens, elementary schools, and middle schools will further accelerate the transition of Myeongji International City Phase 2 into a 'completed city'. This is anticipated to lead to growth as a region attracting attention not only for residential but also for investment purposes.

Conclusion

Busan City Education Office

The passing of the central investment review for Myeongji Kindergarten 6, Myeongji Elementary School 6, and Myeongji Middle School 4 marks a significant turning point in the development of Myeongji International City Phase 2.

By 2029, the opening of the kindergarten, elementary school, and middle school will establish the educational foundation. As a result, the Myeongji area in Gangseo District is expected to grow into a representative new city of western Busan where education, living, and industry coexist.

This decision is anticipated to have a positive impact on balanced development in the western Busan area and on the stabilization of real estate values.

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Frequently Asked Questions (FAQ)

Q. What is the size and opening date of the schools being established in Myeongji International City Phase 2?
Myeongji International City Phase 2 will have a kindergarten with 18 classes, an elementary school with 44 classes, and a middle school with 25 classes opening in March 2029.

Myeongji Kindergarten 6 will have a total of 18 classes, including 2 special classes. Myeongji Elementary School 6 will have 44 classes, including 2 special classes, and Myeongji Middle School 4 will be established with 25 classes, including 1 special class. The three schools aim to open in March 2029 and will be located in the center of the main living area of the new city. The Busan Education Office is focusing on environmentally friendly construction, enhancing safety facilities, and creating future-oriented learning environments in the design and construction preparations.

Q. Why is the school establishment plan in Myeongji International City Phase 2 important?
Establishing schools without an educational gap in line with the 2029 move-in period is a strategy for early completion of local educational infrastructure.

The Busan Education Office has been planning to immediately respond to new residents' educational needs by providing educational facilities coinciding with the move-in period for Myeongji International City Phase 2. With the passage of the central investment review, they will commence detailed design and construction preparations, marking an important turning point in expanding educational infrastructure in anticipation of the expected population increase. This preparation is expected to greatly contribute to improving the educational environment in the local community and the balanced development of the new city.

Q. What are the development scale and population accommodation plans for Myeongji International City Phase 2?
Myeongji Phase 2 is planned to accommodate about 9,989 households, with the first move-in expected in 2029.

Myeongji International City is being developed as a large-scale new city with 28,602 households and about 76,000 people, with several schools already operating in phase 1. Phase 2 covers an area for 9,989 households, with the first move-in scheduled for 2029. The Busan Education Office has consistently been working to provide educational infrastructure in line with this development plan to meet the educational needs of new residents in the new city.

Q. What is the impact of the school establishment in Myeongji International City Phase 2 on the real estate market?
The confirmation of school establishment will increase parental interest and apartment values, positively impacting the local real estate market.

The confirmation of educational facilities from kindergarten to middle school will complete the educational area in Myeongji Phase 2, improving the living environment. This will elevate parental interest and act as a positive factor in steadily and sustainably increasing the property values in the area. Particularly, Myeongji Phase 2 is drawing attention as a new center in western Busan alongside the living area expansion and transportation network improvement plans, enhancing its real estate investment value.

Q. How has the Busan Education Office prepared for the establishment of schools in Myeongji International City Phase 2?
After passing the central investment review, the office is quickly progressing with design and construction preparations aiming for a 2029 opening.

The Busan Education Office has been expeditiously undertaking the necessary procedures to prevent any educational gaps coinciding with the 2029 move-in for phase 2. Following the recent final approval of the Ministry of Education's central investment review, they are focusing on constructing an eco-friendly and safe future-oriented learning environment through systematic preparations to establish a stable educational infrastructure in Myeongji International City Phase 2.

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